Battle Infinity Market Forecast: IBAT Rally Is Set to Begin as the Price Lands at $0.003000
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Battle Infinity Market Forecast – October 25
Battle Infinity market forecast is for the price to begin its rally having ended its downtrend at the $0.003000 demand level.
IBAT/USD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.003851, $0.003330
Demand Zones: $0.003000, $0.002775
Battle Infinity is set to start its rally after retracing to a strong key level. As a result, the downward trend in the price has been halted, and the buyers are now coming together to influence the market. During this process, there could be a bit of price accumulation before the coin begins an upsurge.
Battle Infinity Market Forecast: IBAT/USD Outlook
Battle Infinity buyers began influencing the market after it dropped to a key support level at $0.002239. The buyers were set in an array to influence the market from the support level, and this they executed to perfection.
This led to a very high rise in the market that broke several price levels till it reached the $0.003851 resistance level where the price suffered rejection. The coin from there plunges to another key level at $0.003000.
The buyers have once again set themselves in array at the key level and are set to cause a rally in the market. The Bollinger Bands have squeezed onto the candlesticks as the coin gradually goes into consolidation.
IBAT/USD Medium-Term Trend: Bullish (15-minute chart)
The ATR (Average True Range) indicator presents a drooping line, which is a sign of a drop in market volatility. This is also a result of the tendency for consolidation in the market. Nevertheless, the ATR line is undulating in the short-term trend to show consistency in the lower time frame.
As a sign of price consolidation, the Bollinger Bands have been pushed even closer to the 15-minute candlesticks. The buyers are set to heavily influence the coin, and in a short while, we will see the price surging higher to high price levels.
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